Quarterly ResultAug 11, 2026, 04:28 PM
Astronics Q2 Sales $260M, Operating Income $40.5M; Raises 2026 Guidance
AI Summary
Astronics Corporation reported record second quarter 2026 financial results, with sales increasing 27.0% to $260.0 million and operating income reaching a record $40.5 million. Net income was $35.1 million, or $0.75 per diluted share, driven by strong performance in both Aerospace and Test Systems segments. The company also achieved record quarterly bookings of $306.2 million and a record backlog of $780.6 million, leading to an upward revision of its 2026 revenue guidance to $1.02 billion to $1.04 billion.
Key Highlights
- Q2 Sales: $259.96 million, up 27.0% year-over-year.
- Q2 Operating Income: $40.47 million, a 750.5% increase year-over-year.
- Q2 Net Income: $35.06 million, or $0.75 per diluted share.
- Record Q2 Bookings: $306.2 million, resulting in a 1.18 book-to-bill ratio.
- Record Backlog: $780.6 million at the end of the quarter.
- Raised 2026 Revenue Guidance: $1.02 billion to $1.04 billion.
- Aerospace Sales: $237.3 million (+22.6%); Test Systems Sales: $22.7 million (+105.1%).
- Favorable UK patent judgment: Expects $2.2 million repayment in Q3 2026.
Price Impact
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